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    Exam 16: Understanding Corporate Annual Reports: Basic Financial Statements
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    Salem Company Had the Following Data for the Year Ending
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Salem Company Had the Following Data for the Year Ending

Question 86

Question 86

Multiple Choice

Salem Company had the following data for the year ending December 31,2010: Salem Company had the following data for the year ending December 31,2010:   What is the net income for the year ending December 31,2010? A) $22,400 B) $23,800 C) $24,400 D) $26,800 What is the net income for the year ending December 31,2010?


A) $22,400
B) $23,800
C) $24,400
D) $26,800

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